What is the best insurance plan to complement Medishield Life ?

[Baccara77]

I have never really bothered about Government insurance plans. I just let them deduct from my Medisave; I mean, not that I have a choice to say YES or NO. But for the past one year I have been accompanying my elder sibling to SNEC for some injection. While I sat and waited at the counter, I never failed to see and hear the counter staff telling the patients that they didn't have enough money in their Medisave. I overheard an elderly lady who was speaking to the son over the phone that she could not afford to report for follow-up treatments as an injection into the eye costs about $600 and she had already spent $3,000 on injections.

The MediShield Life, as I understand, does not cover most outpatient visits. Even for hospitalization, a pretty high deductible is payable. That being case, are there any insurance plans in Singapore designed to complement MediShield Life - to cover outpatient visits as well as pay for the deductibles when hospitalization is necessary.

 

[syed putra]

Medishield sounds like a con job. The gahmen hospitals are overcharging.

 

[garlic]

Any integrated shield plans that have zero co-pay.

 

[laksaboy]

Medishield sounds like a con job. The gahmen hospitals are overcharging.

When government, the medical industry and the insurance industry collude to scam the people, Medishield Life is born.

And if you buy a 'complementary plan', you've done exactly what they wanted you to do.

 

[3cm]

To answer your question, we need to know your age and net worth.

Generally speaking, i assume you have less than $5 million net worth, I recommend that you just stick to Medishield and then pay the rest with Medisave and cash due to the healthcare ecology in Singapore. In recent years, private specialists are a rip-off. They are unequipped, example, the best equipment for advanced heart, cancer and orthopedics procedures are in government hospital. Private specialists have little to spare for upgrading and uses primitive methods.

Private hospitals can give you the personalized service but if the specialists will never refer your case to a more capable doctor if it is serious so that they can keep the business to themselves. In govt hospitals, there is always a consultation team for serious cases, even if a junior karachi-trained doctor attends to you, he is backed by a senior and talents from other fields for complex cases.

If you have a serious A&E issue, most, if not all A&E departments in private hospitals are also poorly equipped if you have a serious case. Imagine you got cancer, you will burn more than half a million with a private specialist. Imagine you need an eyelea or lucentis eye injection, the same medicine costs you five times more with private and they are DEFINITELY less experienced because they have less patients than govt hospital.

Having said these, you will be wasting money paying years of riders or additions medical plans if there is no need to visit private specialists.

 

[Baccara77]

When government, the medical industry and the insurance industry collude to scam the people, Medishield Life is born.

And if you buy a 'complementary plan', you've done exactly what they wanted you to do.

So what would you do ?

 

[Baccara77]

Any integrated shield plans that have zero co-pay.

Which one ?

Nabeh, in other countries no such thing as co-pay. In Singapore, buy additional "ISP" still must co-pay.

If you think $300 GST voucher can help a Singaporean, how is the Singaporean going to deal with co-pay ?

 

[Baccara77]

To answer your question, we need to know your age and net worth.

Generally speaking, i assume you have less than $5 million net worth, I recommend that you just stick to Medishield and then pay the rest with Medisave and cash due to the healthcare ecology in Singapore. In recent years, private specialists are a rip-off. They are unequipped, example, the best equipment for advanced heart, cancer and orthopedics procedures are in government hospital. Private specialists have little to spare for upgrading and uses primitive methods.

Private hospitals can give you the personalized service but if the specialists will never refer your case to a more capable doctor if it is serious so that they can keep the business to themselves. In govt hospitals, there is always a consultation team for serious cases, even if a junior karachi-trained doctor attends to you, he is backed by a senior and talents from other fields for complex cases.

If you have a serious A&E issue, most, if not all A&E departments in private hospitals are also poorly equipped if you have a serious case. Imagine you got cancer, you will burn more than half a million with a private specialist. Imagine you need an eyelea or lucentis eye injection, the same medicine costs you five times more with private and they are DEFINITELY less experienced because they have less patients than govt hospital.

Having said these, you will be wasting money paying years of riders or additions medical plans if there is no need to visit private specialists.

I'm not keen on private hospitals. I just want :

B1 and above ward in hospital
zero co-payment
outpatient reimbursement

 

[garlic]

Which one ?

Nabeh, in other countries no such thing as co-pay. In Singapore, buy additional "ISP" still must co-pay.

If you think $300 GST voucher can help a Singaporean, how is the Singaporean going to deal with co-pay ?

Mine is enchanced incomeshield, zero co-payment. Now, they removed the zero co-payment benefit, die die also must have 5% co pay. PAPpies allowed and legislate no more as-charged riders. Luckily i bought early...

"SINGAPORE - You can no longer go to an insurer and buy riders that pay your entire hospital bill, as the Government is rolling back a regime that threatens to make health insurance unsustainable.
Anyone buying a new rider will need to pay at least 5 per cent of his hospital bill. But the total amount that a policyholder has to pay can be capped at a minimum of $3,000 a year. This is to give people the peace of mind that they will not have to dig too deeply into their pockets, whatever the size of their hospital bill."

https://www.straitstimes.com/politi...ntegrated-shield-plans-will-have-to-pay-5-per

 

[3cm]

I'm not keen on private hospitals. I just want :

B1 and above ward in hospital
zero co-payment
outpatient reimbursement

hi again, then you just get some quotations for riders.

 

[Baccara77]

Mine is enchanced incomeshield, zero co-payment. Now, they removed the zero co-payment benefit, die die also must have 5% co pay. PAPpies allowed and legislate no more as-charged riders. Luckily i bought early...

"SINGAPORE - You can no longer go to an insurer and buy riders that pay your entire hospital bill, as the Government is rolling back a regime that threatens to make health insurance unsustainable.
Anyone buying a new rider will need to pay at least 5 per cent of his hospital bill. But the total amount that a policyholder has to pay can be capped at a minimum of $3,000 a year. This is to give people the peace of mind that they will not have to dig too deeply into their pockets, whatever the size of their hospital bill."

https://www.straitstimes.com/politi...ntegrated-shield-plans-will-have-to-pay-5-per

Nabeh, not wonder I got so confused after reading articles published at different timeline.

I'm also looking at EIS.